Preliminary figures released on Wednesday showed that there was an expansion business activity in the euro area in March. However, any recovery could be derailed by a third wave of the pandemic in the region even as infections of Covid-19 are rising. Compared to 48.1 in February, the IHS Markit’s flash composite PMI for the…
According to a report by the influential magazine Consumer Reports published from the United States, concerns about user privacy are being raised because of the in-car cameras of Tesla’s car which are used to record and transmit video footage of passengers for the development of the company’s self-driving technology. The benefits of driver monitoring are…
A Malaysia-based businessman has purchased the first tweet ever that was sent by Twitter founder Jack Dorsey for the equivalent of $2.9m. Dorsey gas auctioned off the tweet which said “just setting up my twttr,” and was first published on March 21, 2006 for charity. The purchase of the tweet was compared to that of…
In a statement Synnex Corp, an IT solutions firm said, it will merge with Tech Data in a deal worth about $7.2 billion, including debt. The combined company will create one of the world’s biggest IT distribution companies. With the news reaching the market Synnex’s shares surged by 6.5%. The merger comes less than…
According to a report from VentureBeat, Discord Inc is exploring a sale that could value it at more than $10 billion. San Francisco-based Discord is in final negotiations with one party, said the report. The company does not comment on rumors or speculation, said Discord. The coronavirus-induced pandemic has boosted prospects of gaming companies with…
A bid offer to purchase Australia’s Crown Resorts Ltd in a proposed deal where the casino operator was valued at $6.2 billion was made by Blackstone Group Inc. the valuation offered for Crown Resorts is lower than the value of the troubled company a year go. And yet this could be good news for the…
The food delivery company Deliveroo set its market value range of $12 billion which could see the company making the biggest stock market debut in the United Kingdom since the public listing of commodities giant Glencore almost a decade ago. This Initial Public Offerings (IPO) is of significant importance for the British government and it…
On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
Reports making the rounds that the credit card company Visa Inc was being investigated for by the United States over allegations that the company uses anticompetitive practices in the debit-card market were confirmed by the company on Friday with it saying that its debit practices were being investigated by the the S The Justice Department.…
The wealthy customers of the luxury sports car maker Lamborghini especially in China helped the brand to report record profits for 2020. This “raging bull” of the auto world managed to deliver 7,430 cars to customers during 2020 which was only 9 per cent lower than the record delivery done by it in the previous…
